Signal GBPUSD Sell — H1 - July 6, 2026 11:37 GMT-4
On the H1 timeframe for GBPUSD, the recent price action reveals a consolidation phase near the 1.3355-1.3365 range, marked by lower highs and higher lows. The last few candles show diminishing bullish momentum, with volume contraction below 5000, signaling weakening buying pressure. A critical resistance level at 1.3381 was breached on July 5th, triggering a corrective decline. The current close at 1.33558 aligns with a key support level, forming a descending triangle pattern with the high at 1.3365. The sell signal at 1.33564 targets this support breakdown, leveraging the failed rally above 1.3381 to initiate a short position. Volume remains…